Dear Hotel is an average hotel at a great location (in front of Plaza España, near the Palacio).
Staff is friendly and helpful, the rooms are ok. We got an upgrade to a room with a terrace and a great view of Plaza de España, which was pretty nice. However, it was right below the bar and during the weekend was pretty noise, especially because the guests at the bar had access to the floor below where they could access a restroom, so there as a lot of walking and talking. Shower was ok.
There is no parking available, but you can park right across the street at the parking beneath Plaza España. There is an agreement between the parking and the hotel for a reduced daily fare.
The highlight of the hotel was the restaurant "Nice to Meet You". Great view (they have a terrace with nice views to Plaza España and Gran Vía), great service and very good food. The restaurant is also used for breakfast, which was also very good.